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#TwitterBan: Job losses loom, economic woes to worsen, NESG, experts warn

Friday Olokor, Leke Baiyewu, Okechukwu Nnodim, Temitayo Jaiyeola, Amarachi Orjiude, Lesi Nwisagbo, Kariola Mustapha, Amarachi Orjiude, Dayo Adenubi, Samuel Olatunji, Juliana Ajayiand John Charles Published 7 June 2021With present economic woes, we shouldn’t add to our people’s problems – NESGBan will dampen foreign investors’ interest in Nigerian businesses, say economic expertsIt’ll disrupt thousands of small businesses capable of creating 70%. ....

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408.5/litre proposal: Small businesses merely surviving, will soon fail, says ASBON


Punch Newspapers
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Published 23 May 2021
The President of the Association of Small Business Owners of Nigeria, Dr Femi Egbesola, has said if fuel subsidy was finally removed, it would lead to a big crisis for small businesses.
He said this in an interview with
Sunday PUNCH.
Egbesola said at the moment, only about 10 per cent of small businesses were surviving, adding that many had closed shops because they didn’t have the wherewithal to produce again. He also said the capital of many small businesses had been eroded by inflation and high exchange rate.
He said, “A lot of small businesses will be affected. In fact, I’m also thinking of closing one of my factories. When we have fuel subsidy removed, I can’t imagine what would happen. ....

Femi Egbesola , National Association Of Nigerian Students On , Association Of Small Business Owners Nigeria , Small Business Owners , National Association , Nigerian Students , Sunday Asefon , தேசிய சங்கம் ஆஃப் நைஜீரியன் மாணவர்கள் ஆன் , சங்கம் ஆஃப் சிறிய வணிக ஓநர்ஸ் நைஜீரியா , சிறிய வணிக ஓநர்ஸ் , தேசிய சங்கம் , நைஜீரியன் மாணவர்கள் ,

N408.5/litre proposal: Nigerians may pay N588bn monthly for petrol


Punch Newspapers
Sections
OKECHUKWU NNODIM, JESUSEGUN ALAGBE and ABIODUN NEJO
Published 23 May 2021
OKECHUKWU NNODIM, JESUSEGUN ALAGBE and ABIODUN NEJO
Published 23 May 2021
•NLC meets Tuesday to take decision on govs’ proposal
Nigerians may be spending N588.24bn monthly for Premium Motor Spirit, popularly called petrol, should the Federal Government implement the recommendation of the Nigeria Governors’ Forum that the cost of the commodity be increased.
A committee set up by the Nigeria Governor’s Forum had last Wednesday recommended that petrol price should be between N380/litre and N408.5/litre. They also called for the immediate removal of petrol subsidy.
Although the Federal Government on Friday said it would not increase petrol price in June despite the recommendation of the NGF, it had repeatedly said there was no going back on the imminent removal of petrol subsidy. ....

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Towards driving economic growth from SMEs perspective in Lagos


Vanguard News
Towards driving economic growth from SMEs perspective in Lagos
On
By Timi Olubiyi
SMALL and medium-sized enterprises, MSMEs, are generally regarded as the engine of economic growth in developing economies. Similarly, a large concentration of SMEs, including micro and nano businesses, are easily noticeable in Lagos State the economic hub of Nigeria. The state enjoys a high presence of SMEs, Micro and Nano businesses more than any state in Nigeria. Why is that? The simple metric to this is that Lagos State has a population size of about 15 million, according to United Nations, UN, projections and it appears like a country within a country considering the strength of economic activity and the populace. ....

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